News By Edition

Valuation Review Edition

January 30, 2012

In the January 30, 2012, edition of Valuation Review, we look beyond the broker price opinion to discover alternative valuation products the industrious appraiser can use to expand his or her valuation product offering. Also, we answer the questions, "What is the CFPB? And why should you care?" Fannie Mae's CEO steps down, ACI shares UAD insight with 10,000 and a case where fraud is a family affair. All that and more in this edition of Valuation Review.

Regression theory, cascading automated valuation models with appraiser oversight, property condition reports infused with appraisal standards are all possible valuation products that can be seen on the horizon.

Quick. Cheap. Supported by a massive workforce bent on producing opinions of
value quickly — three things that the traditional appraisal is not. Ask any
appraiser if they see a problem with that and the answer likely will be "no."
Read on for how ideas on how to leverage new valuation products.

There has been a lot of Consumer Financial Protection Bureau news in the past
week. But what is the CFPB and why should you care what the regulator is doing?
We cut through the political fat to give you the skinny on how the CFPB will
impact the appraisal industry.

Valuation Partners, a national appraisal management company, hired Clint
Reinhardt as vice president and national account executive. Reinhardt brings
more than 25 years of appraisal, mortgage banking and settlement services
experience to Valuation Partners.

October Research, publisher of Valuation Review, announced it selected
two prominent figures to deliver the keynote addresses at the 2012 National
Settlement Services and Compliance Summit, to be held in Cleveland, June 12-13
at the downtown Cleveland Marriott at Key Center.

You always hurt the ones you love. For one Bethesda, Md., man that means
defrauding family members, in addition to lenders and others through a series of
real estate transactions. Read on for the scheme.

Appraisers are great conversationalists. They are not afraid to tell you what's
on their mind. The ASB is currently considering changes for the 2014-2015
edition of USPAP and wants to hear from the people it impacts the most:
Appraisers.

The CFPB quietly released an Interim Final Rule on Dec. 22 dealing with the
valuation independence requirements imposed by the Dodd-Frank Act, including the
law's "customary and reasonable" fee mandate. There was an interesting omission
in the latest reissue released by the bureau that made the American Society of
Appraisers take notice. Read on for the implications and clarification on
the latest movement by the bureau.

Take our current Poll

Do you think the inclusion of more AMCs to appraiser organizations would be a benefit or not? Why?

They would add valueThey would detract from the organizationThere would be little difference